Office equipment maker Ricoh will trim roughly 1,000 management positions in Europe and sell a Japan-based Logistics unit to cut another 3,000 positions from payroll, Nikkei and Reuters are reporting.

Moreover, Ricoh has already cut more than 5,000 jobs in North America since the start of this year, where the company has been conducting impairment tests and may have to take a related charge of about $943.04 million, Reuters and Nikkei reported.

This has not been announced by Ricoh. Ricoh continually evaluates opportunities for structural reforms to further enhance its business growth.

If we need to make any announcements in this regard, we will do so in a timely manner.”

In terms of mindSHIFT, the spokesperson said: “mindSHIFT is a Ricoh company. Also, Ricoh remains committed to our partners.”

Ricoh Channel Moves, Industry Pressures

Lexmark’s Sammy Kinlaw

Ricoh’s Glenn Laverty

On the channel front, Ricoh Americas has spent the past year fine-tuning and enhancing its partner go-to-market strategy, and those efforts have been showing progress, Senior VP Glenn Laverty told ChannelE2E in a podcast recorded in December 2017 and published in early 2018.

Still, office equipment vendors are under intense pressure to find new growth opportunities as the market consolidates. Ricoh, for instance, has delivered declining profits for the past four years, and its stock has shed nearly two-thirds of its market value since its peak in 2007, Reuters notes.